Managing for Quality and Performance Excellence 9th Edition by James Evans,William Lindsay

Exercise 47

Note: Data sets for several problems are available in the Excel workbook C07Data in the Student Companion Site for this chapter. Click on the appropriate worksheet tab as noted in the problem (e.g., Prob. 7-5, etc.) to access the data.
Livelong, Inc.'s computer monitors have a failure rate of ? = 0.00095 units per hour. Assuming an exponential distribution, what is the reliability function? What is the probability of failure within 5,000 hours? Calculate your answer using the appropriate mathematical formula and verify your result using Excel.